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![Blog-[x]cube LABS](https://d6fiz9tmzg8gn.cloudfront.net/wp-content/uploads/2016/06/blog_banner.jpg)
By [x]cube LABS
Published: May 04 2015
IOT is no more a buzz word, it is rather a gigantic wave of disruption bringing in improvement in almost all sectors of the economy. All industries are now welcoming the IOT revolution, leading to increased efficiency & effectiveness.These stats signify how it is being anchored in Industries.
| 1. IOT gaining traction. | |||||||||
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Internet of Things (IoT) Market, will grow at a CAGR of 31.72 percent from 2014-2019.
Source: TECHNAVIO |
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| 2. IOT in Manufacturing | |||||||||
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Firms look to IoT solutions as improved customer experience by enabling things such as supply chain optimisation, visibility, loss prevention and cost efficiencies.
Source: ECONOMICTIMES |
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| 3. IOT in Automobiles | |||||||||
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Cars will be connected to the internet by 2020, as compared to 10% in 2012.
Source: GARTNER |
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| 4. IOT & Consumer devices | |||||||||
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a) Savings in food & beverage industry by 2020 owing to connected kitchen .
Source: GARTNER |
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b) U.S. consumers will own smart refrigerators .
Source: GARTNER |
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c) Predictive adoption of Internet-connected clothing.
Source: GARTNER |
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| 5. IOT in Energy Sector | |||||||||
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Energy costs can be reduced by equipping street lights with sensors and connecting them to the network.
Source: John Chambers, CISCO. |
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| 6. IOT in Energy Sector | |||||||||
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Energy costs can be reduced by equipping street lights with sensors and connecting them to the network.
Source: John Chambers, CISCO. |
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Tags: Statistics on IOT.
